JPMorgan Chase and National Bank of Canada Complete Blockchain Test
Bank Innovation
APRIL 20, 2018
and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. JPMorgan Chase & Co.
Indian Gov’t Drafts Plan For National Blockchain Applications
PYMNTS
NOVEMBER 28, 2019
India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. Dhotre added that the government is drafting an approach paper on the National Level Blockchain Framework.
blockchain 
158
158 Join 50,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
U.S. Regulations to Consider When Managing a Cryptocurrency Fund
Perficient
MAY 27, 2022
However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. New York’s BitLicense requirement therefore applies to investment managers who issue digital coins or otherwise act as an exchange platform regardless of where the buyers are located.
cryptocurrency 332
332 
FEMA Looks At Blockchain To Aid Disaster Payouts
PYMNTS
NOVEMBER 19, 2019
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. Earlier this year, the British Virgin Islands partnered with blockchain firm LIFElabs.io
blockchain 217
217 
Bitcoin Daily: UN Secretary-General Urges Blockchain Adoption; Africa Blockchain Institute To Open School In Rwanda In 2020
PYMNTS
DECEMBER 29, 2019
The United Nations (UN) needs to embrace blockchain, António Guterres, U.N. Guterres said blockchain technology will be a critical part of the U.N., China, too, has prioritized blockchain, and the $6 billion U.N. Innovations Network has five blockchain projects on tap that will help advance inter-agency collaboration.
blockchain 133
133 
EU Blockchain Forum Recommends Digital Identity Systems
PYMNTS
DECEMBER 7, 2018
In its newest report, the EU Blockchain Forum (EUBF) noted that government bodies need to home in on two aspects of the blockchain to help the technology fully actualize: That is, the institutions need to have digital national currencies as well as systems for digital identity, The Next Web reported.
blockchain 189
189 
Samsung Eyes Blockchain Smartphone?
PYMNTS
DECEMBER 12, 2018
In the world of blockchain phones, another name may crowd the pantheon. Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones.
Samsung 137
137 
Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser
PYMNTS
AUGUST 11, 2019
New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications.
blockchain 137
137 
New Year, New Blockchain Use Cases?
PYMNTS
JANUARY 3, 2019
To that end, any number of analyses are coming in the blockchain arena. According to an article via the MIT Technology Review , this will be the year that blockchain becomes “boring,” with innovative projects that will “bear fruit” this year even amid the declines seen last year in the sector, and in cryptocurrencies. In the U.S.,
blockchain 195
195 
Why Blockchain Holds Promise For Cross-Border Payments
PYMNTS
JULY 1, 2019
Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Canadian payments network Interac has experimented with blockchain for consumer payments. We are now in the trough of disillusionment.”.
blockchain 211
211 
Bitcoin Daily: 7,000 Crypto ATMs Worldwide, Data Says; Marshall Islands Plans National Digital Currency
PYMNTS
MARCH 3, 2020
The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.
ATM 168
168 
PwC Finds Blockchain Distrust High, Even As Adoption Accelerates
PYMNTS
SEPTEMBER 20, 2018
The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).
blockchain 188
188 
Bitcoin Daily: Former BitGrail Head Faces Fraud Charges; Exmo Reports Cyberattack; VBT Bank Offers Blockchain-Backed Bank Guarantees
PYMNTS
DECEMBER 21, 2020
“It is not yet clear whether he participated actively in the theft or if he simply decided not to increase security measures after discovering it,” Ivano Gabrielli, director of the national center for cyber crimes (CNAIPIC), told Reuters. 16), in the first blockchain-supported bank guarantee in Russia. Meanwhile, U.K.
blockchain 206
206 
South Korea Examines Blockchain For Shipping
PYMNTS
DECEMBER 19, 2018
Blockchain has been steadily making inroads in the B2B realm as a way to help boost supply chain transparency and efficiencies. To that end, in South Korea, a number of government ministries are looking into blockchain, eyeing the potential boost distributed ledger technology can give to marine logistics.
blockchain 155
155 
BoA Reported To Hire ‘Treasury Product Manager’ For Ripple
PYMNTS
OCTOBER 10, 2019
Bank of America (BoA) may have hired a treasury product manager to work with Ripple. This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read. “The
Management 191
191 
Bitcoin Daily: Diginex, UN Agency Unveil Blockchain Tool Rollout; State Street Joins Forces With Gemini Exchange
PYMNTS
DECEMBER 17, 2019
Blockchain firm Diginex and the United Nations Migration Agency announced the rollout of a tool that is based on the blockchain in an effort to keep migrant domestic workers from exploitation, according to a press release. Hong Kong has nearly 390,000 migrant domestic workers.
Tools 132
132 
Blockchain payments can make ‘medical tourism’ more efficient
Payments Source
OCTOBER 17, 2018
Blockchain can power faster, cheaper and much more secure transactions, independent from governments, banks and national borders, writes Ali Hashem, an account manager at Dentacoin.
blockchain 131
131 
Eye Scanning Tech Using Blockchain To ID Patients Is Ready For Trials
PYMNTS
FEBRUARY 1, 2019
IrisGuard, an iris-recognition solutions company, and Patientory, a cybersecurity healthcare data solution firm, are collaborating to combine iris biometric technology with the healthcare focused PTOYNet blockchain network, to add another layer of security and authorization on the blockchain, and help with patient identity procedures.
blockchain 193
193 
Bitcoin Daily: Gemini Exchange Joins Silvergate Exchange Network; UK’s National Liberal Party Reveals Crypto Policy
PYMNTS
AUGUST 28, 2019
Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.
Policies 116
116 
Cross-Border Payment Efforts Look To The Blockchain And Beyond
PYMNTS
APRIL 3, 2019
It may seem that cross-border payments were in the … well … crosshairs this past week, with a number of country-by-country and company-by-company initiatives using blockchain and other methods to speed payments and lower fees. Bill.com noted it has three million customers in place and manages $60 billion annually in payments volume.
blockchain 231
231 
Bitcoin Daily: Travala.com Combines With TravelbyBit; France Tests Blockchain-Operational Digital Euro
PYMNTS
MAY 20, 2020
Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). ” The firms will cross-market each of their travel services as the initial step of the merger.
Bitcoin 131
131 
Tencent Spearheads Blockchain Invoice Standardization Initiative
PYMNTS
OCTOBER 29, 2019
China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. According to reports, a recent report by asset management firm Guosheng Securities found that “as of Aug.
blockchain 101
101 Bitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement
PYMNTS
MARCH 22, 2019
A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.
blockchain 149
149 
Blockchain Tracker: Uses of Blockchain Tech in Music
PYMNTS
MAY 19, 2017
Over the past year, there have been many discussions about how blockchain technology could revolutionize certain aspects of the music industry. As recently as this April, music streaming giant Spotify announced its acquisition of blockchain startup Mediachain. million last fall to accelerate its efforts.
blockchain 124
124 
Blockchain Gains Steam Amid Food Tracking Initiatives
PYMNTS
SEPTEMBER 3, 2019
As blockchain continues to make inroads into supply chain tracking, various companies in the food and produce industry have been leveraging distributed ledger technology (DLT) to source and monitor “farm-to-table” activity. The app is tied to Continental’s blockchain-based Data Monetization Platform. to let users earn digital currency.
blockchain 132
132 
Payments Missing In Healthcare Industry’s Exploration Of Blockchain
PYMNTS
APRIL 11, 2018
When Deloitte published its “ Blockchain: Opportunities for health care ” report in 2016, the consultancy identified three key pillars of potential blockchain disruption for the industry: smart contracts, value transfer and information authentication. Blockchain technology can facilitate these requirements.”. In the U.S.,
blockchain 100
100 Bitcoin Daily: HSBC — Blockchain Makes FX Trade Cheaper; QuadrigaCX Representation Delayed In Court
PYMNTS
FEBRUARY 15, 2019
HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. Mark Williamson, chief operating officer of FX cash trading and risk management, told Reuters that HSBC processes from 3,500 to 5,000 trades a day on FX Everywhere, with trades now being worth $350 billion.
blockchain 159
159 Can Crypto Power Tourist Cities, Block By Blockchain?
PYMNTS
APRIL 29, 2019
Governments are betting on blockchain to power tourism in cities. The city’s infrastructure will be constructed reportedly through the help of blockchain, with a DMI platform and a DMI coin that will allow for payments of government services. There is also, of course, the blockchain technology.
blockchain 128
128 
Korea’s Top Crypto Exchange Joins Blockchain Procurement Project
PYMNTS
APRIL 30, 2018
South Korea’s Korea Credit Data, a FinTech startup that operates in the small- and medium-sized business accounting software market, said it is exploring an entrance into the world of blockchain. The involvement of the nation’s largest cryptocurrency exchange comes as the government cracks down on such firms.
blockchain 100
100 
Bitcoin Daily: Venezuela Requires Crypto Payments For Passports, Seoul To Create $108M Blockchain City
PYMNTS
OCTOBER 8, 2018
And Seoul Mayor Park Won-soon unveiled a $108-million plan to make the capital into a blockchain-enabled smart city, Coindesk reported. He said that multiple public services such as elections and labor welfare will use the blockchain technology. The research is described as “a project that uses blockchain technology to improve U.K.
blockchain 176
176 Governments Sending Mixed Signals On Blockchain
PYMNTS
JANUARY 24, 2018
Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government isn’t the only jurisdiction going hot and cold on blockchain.
blockchain 133
133 
Blockchain Tracker: Is Retail Ready For Implementation Yet?
PYMNTS
JUNE 15, 2017
Blockchain technology may be used widely in the financial services industry, but that doesn’t necessarily mean it will see a smooth transition into the retail sector. At the beginning of the year, blockchain was included on many lists of the technologies shaping 2017. At the International Economic Forum this month in St.
blockchain 130
130 InventoryClub Taps Blockchain For Inventory Finance
PYMNTS
JANUARY 26, 2018
InventoryClub is the latest company to deploy blockchain technology for business finance. The Commonwealth of Nations represents 52 member states around the globe that were once members of the British Empire. “We The company announced news on Thursday (Jan. enabling companies to submit inventory for which they need financing.
blockchain 115
115 Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)
PYMNTS
JUNE 27, 2019
The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). But before partaking in blockchain bacchanal …. The Blockchain Bonanza.
blockchain 147
147 Infosys Spearheads Blockchain Network In India, UAE
PYMNTS
NOVEMBER 29, 2016
Two top banks in the United Arab Emirates and India are spearheading blockchain initiatives in their perspective markets thanks to a new collaboration with software conglomerate Infosys, reports said Monday (Nov. They’ll use the EdgeVerve Blockchain Framework for Financial Services product, reports added.
blockchain 100
100 
Ripple Powers X-Border Corporate Payments For UAE Bank
PYMNTS
MARCH 3, 2020
As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. bank to use RippleNet’s blockchain network to move money across borders. PNC was reportedly the first U.S.
Payments 250
250 
Abu Dhabi Bank Implements Blockchain
PYMNTS
FEBRUARY 2, 2017
The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain. According to Ripple , an estimated $1.7
blockchain 100
100 
Singapore’s Big Week In Blockchain Progress
PYMNTS
NOVEMBER 22, 2017
The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. Nearly two-thirds of that funding will go toward blockchain startups, reports added. Visa Tests B2B Connect.
blockchain 134
134 
Bitcoin Daily: IADB Tests Blockchain For Registering Land; Crypto Platform Bakkt To Team With Starbucks For Mobile Payments Pilot
PYMNTS
OCTOBER 29, 2019
The Inter-American Development Bank is launching a two-year blockchain project for land registries in three Latin American countries. Phase One will involve figuring out how to connect land registries to the blockchain in a secure way, as well as what technology to use. I personally don’t believe Libra will succeed,” he said.
Bitcoin 102
102 
Bitcoin Daily: People’s Bank Of China To Certify Digital Payment Products; Korean Security Agency Supports Blockchain Projects With $9M Fund
PYMNTS
OCTOBER 30, 2019
The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. His comments even caused a price boost of bitcoin and blockchain stocks to the point that the Chinese state media advised people to stay levelheaded.
blockchain 101
101 
Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M
PYMNTS
SEPTEMBER 30, 2020
He purportedly attracted investors with claims he managed $100 million and vows of high profits, according to the report. And, the SEC said that SALT Blockchain has to provide a reimbursement to clients that bought SALT tokens in a 2017 initial coin offering (ICO), Decrypt reported. District Court.
Florida 151
151 
Cambridge Global, Ripple Partner On Cross-Border Payments
PYMNTS
OCTOBER 14, 2020
Cambridge Global Payments , a FLEETCOR company working on cross-border payments, has partnered with enterprise blockchain solution Ripple on a cross-border payment solution for B2B customers, according to a press release. The firm has also worked with the National Bank of Fujairah PJSC (NBF) in order to enable them.
Payments 286
286 
Japan’s Top Bank Testing Digital Checks On Blockchain
PYMNTS
FEBRUARY 21, 2017
Blockchain has significant potential to disrupt B2B payments in the name of digitization and security. And with paper checks as some of the most manual and least secure corporate payment technologies in use today, it could be a good place for blockchain disruption to start.
blockchain 102
102 The Path To Better Management Of Healthcare Data
PYMNTS
MAY 15, 2018
Blockchain , cloud computing and other technologies are moving further into the world of healthcare data, promising to change everything from patient management to medical payments. TEAP will “align with many national efforts” to improve data exchange and enable interoperability across different health information networks.”.
Data 109
109 
Let's personalize your content